Former GE exec finds way to cut healthcare costs — and US hospitals are out of the equation

Denver-based North American Specialty Hospital, a travel surgery practice, now has contracts with companies comprising about 3 million people, with plans to grow further, The Colorado Sun reports.

NASH was founded by former General Electric executive James Polsfut, who is now CEO. The company works directly with employers to control healthcare spend related to surgeries and drug infusions, with the promise of doing the procedures for half the cost.

NASH's model connects patients to physicians for pre- and post-surgical care in the U.S., and then patients and their U.S.-based physicians travel to Mexico to complete the procedures. Mr. Polsfut says the surgeons earn double their U.S. rates — the savings are instead derived from the lower cost of medical supplies and lower hospital fees in Mexico. NASH works exclusively with Galenia Hospital in Cancun, Mexico, which is accredited by the Joint Commission. It plans to soon expand its practice to work with a hospital in Cabo San Lucas, Mexico, as well, according to the report.

Read more here.

More articles on strategy:

Baylor Scott & White credits ACO for success in bending cost curve
5 things to know about Walmart Health
CVS Health drops 3 board seats

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months